Crypto funds post $1.2B inflows despite market panic: CoinShares

The ETP sentiment cooled in the latter half of last week amid emerging reports of US involvement in the Iran conflict.

Cryptocurrency investment products continued to attract strong investor interest last week despite major crypto assets like Bitcoin and Ether posting notable price drops.

Global crypto exchange-traded products (ETPs) recorded $1.24 billion of inflows for the trading week ending June 20, CoinShares reported on Monday.

With the latest inflows, crypto ETPs continued breaking year-to-date (YTD) inflow records, setting a new historic high at $15.1 billion, CoinShares’ head of research, James Butterfill, said.

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